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(Derivation of perpetuity formula) Using the geometric series formula: if 1 < r < 1, then a+ar+ar2 +ar3 += a ,1r derive the
(Derivation of perpetuity formula) Using the geometric series formula: if 1 < r < 1, then
a+ar+ar2 +ar3 +···= a ,1r
derive the PV of perpetuity formula.
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
